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OPEC Says its Oil Output Tumbled in March

LONDON—OPEC's oil output tumbled to its lowest level this year in March, the group of some of the world's biggest oil producers said Thursday.

Production by the Organization of the Petroleum Exporting Countries—which supplies more than a third of the oil consumed globally each day—fell by over half a million barrels a day last month to 29.6 million barrels daily, the group said in its monthly oil-market report.